ARCHIVE Remortgaging hits a seven year high
According to latest research by LMS, monthly remortgage lending rose to a seven year high in January 2016. In fact, remortgage lending rose to £6.2 billion in January 2016 which is a rise of 49% from £4.2 billion from the previous month.
This was reported on the Your Mortgage Website in January*.
What this means for home owners
Adam Nanson, Independent Mortgage Broker at Your Mortgage Expert comments:
“It’s great news that so many people are taking advantage of the low interest rates and remortgaging their properties. The research by LMS very much reflects our experience, with many of our clients finding this a good time to switch and fix their mortgage deals in order to save money on their monthly repayments.”
How Your Mortgage Expert can help
Adam Nanson continues:
“If you’re thinking about remortgaging, then an independent mortgage broker like Your Mortgage Expert can be a prudent choice. We can research the market for you to find all the current deals and can make the most appropriate recommendation for you based on your circumstances. This can save you time, money and stress.
“Added to this, some of the deals we have access to may only be available through independent advisers like us. So whether you’re looking for to fix your rate for two years, five years or something more flexible, Your Mortgage Expert can review your circumstances and give you the most appropriate mortgage rate advice based on your affordability.”
To speak to Adam Nanson about remortgaging your property, ring him now on 01722 322683 or complete a contact us form and let him know when he can call you back.
We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.
The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. TenetLime cannot be held responsible for information that was correct at the time but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SECURING SHORT TERM DEBTS AGAINST YOUR HOME COULD INCREASE THE TERM OVER WHICH THEY ARE PAID AND THEREFORE INCREASE THE OVERALL AMOUNT PAYABLE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.
Please note, by clicking on the below links, you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.